York Water (NASDAQ:YORW) Cut to Sell at Wall Street Zen

York Water (NASDAQ:YORW - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

York Water Trading Up 0.3%

NASDAQ YORW traded up $0.08 on Friday, hitting $31.98. 123,395 shares of the stock were exchanged, compared to its average volume of 59,699. The company's 50-day moving average price is $32.63 and its two-hundred day moving average price is $32.93. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.90 and a quick ratio of 0.71. York Water has a 52-week low of $29.86 and a 52-week high of $41.96. The company has a market capitalization of $460.51 million, a price-to-earnings ratio of 23.34 and a beta of 0.70.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.08). York Water had a return on equity of 8.56% and a net margin of 25.91%. The business had revenue of $18.46 million during the quarter, compared to analysts' expectations of $19.00 million. Research analysts predict that York Water will post 1.43 EPS for the current year.

Institutional Investors Weigh In On York Water

A number of institutional investors have recently modified their holdings of YORW. Inspire Investing LLC purchased a new stake in shares of York Water during the first quarter worth $343,000. Jane Street Group LLC purchased a new stake in shares of York Water during the 1st quarter worth about $498,000. Zimmer Partners LP raised its stake in shares of York Water by 1.4% during the 1st quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider's stock worth $26,274,000 after purchasing an additional 10,680 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of York Water during the 1st quarter valued at about $263,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of York Water by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider's stock valued at $398,000 after buying an additional 937 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company's stock.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.